Emiratisation in the banking sector a key topic on the Emirates Banks Association meeting agenda
- United Arab Emirates: Sunday, December 16 - 2012 at 10:10
- PRESS RELEASE
The CEOs Advisory Council of the Emirates Banks Association recently held its sixth and last meeting for this year, headed by H.E. AbdulAziz Abdulla Al Ghurair, The Chairman of the EBA Board of Directors, and reviewed the key topics and recent updates related to banking.
The Council also discussed the issue of security checks provided by customers to their banks to avail banking facilities they need to help run and facilitate their businesses. The Council continued its previous discussions on the latest instructions of the Central Bank regarding the monitoring of large exposure limits and the intention to make some adjustments on same.
In addition, the Council discussed the subject of the Foreign Accounts Tax Compliance Act (FATCA) and the extension of the date of the official take-off of this law, and the necessity to continue coordination with the Central Bank and the Ministry of Finance to provide guidance to banks in this regard.
The Chairman of EBA indicated to the Council that formalities are in progress to modify the name of "Emirates Banks Association" to become "UAE Banks Federation," which better reflects the scope of its work.
At the end of the meeting, H.E. Al Ghurair informed the Council about the resignation of Mr. Fathi Skaik as General Manager of the Association effectively at the end of the current year and the appointment of Mr. Nasser Sarris to fill the position. He wished both parties success.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.